China Trade With U.S. Drops Most Among Largest Partners: Chart

Reading Between the Lines of China's Import Drop

China’s total trade in the seven months to July dropped 8.7 percent from a year ago to $2.03 trillion, as both exports and imports declined. Activity with the U.S., the second-largest partner after the European Union, shrank 10.4 percent to $280 billion. Combined trade with the 10-member Association of Southeast Asian Nations fell 8 percent to $246 billion, although bilateral variances ranged from a drop of 18 percent with Malaysia to an increase of 4 percent with the Philippines.

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